Is 37716, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 37716 has remained a Seller's Market.
Housing Prices in 37716, TN
How much do homes in 37716, TN cost?
Median Sold Price
$299,900
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 37716 was $299,900 in March 2024, up 10.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $269K | N/A |
2 Bedrooms | $190K | $205K | +7.9% |
3 Bedrooms | $283K | $299.9K | +6.0% |
4 Bedrooms | $323.3K | $372.5K | +15.2% |
5+ Bedrooms | $505.9K | $620K | +22.5% |
Summary: 37716 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 22.5%.
Housing Supply in 37716, TN
How many homes are available in 37716, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 96 | +9.1% |
Summary: The 37716 real estate market had 96 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 58 | 60 | +3.4% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 37716 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 37716 in March 2024, the same as the previous month. Of the 19 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% were sold over asking.
Days on Market for 37716, TN
How long does it take to sell a home in 37716, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 52 Days | +69.2% |
Summary: Homes in 37716 had an average of 52 days on market in Mar 2024, up by 69.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 37716; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.